Recruiter In Korea

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Poll: Posco considered best-run firm

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Even though my beloved POSCO is down almost 6% since I bought it, it’s good to see it on top of Korea’s bluechips in terms of best managed companies.

Leading steelmaker Posco took top honors for corporate leadership in a poll by Hong Kong-based financial publishing firm FinanceAsia, ranking as the best-managed company in Korea.

FinanceAsia asked more than 300 investors and analysts across Asia to name leading firms in a variety of categories.

Posco topped other Korean companies in three areas: management, corporate governance and investor relations, according to the results, which were released yesterday. Samsung Electronics Co. was the runner-up in all three categories.

Posco won the management category by a large margin, gaining 45 votes compared to 26 votes for Samsung. Next was LG Household & Health Care, followed by KT Corp., LG Corp., LG Chem, KT&G and Yuhan Corp.

Posco obtained 30 votes for best corporate governance compared to 21 votes for Samsung. Next was KT&G, followed by LG, KT, LG Household & Health Care and Korean Air.

“Posco was considered to have the best corporate governance because its controlling shares are scattered and professional management has led the company since its foundation, unlike other local conglomerates controlled by the founding families,” said Mun Jeong-eop, an analyst at Daishin Securities Co.

Samsung led the rankings in corporate social responsibility, while KT Corp. was seen as the most committed to dividend payments.

The best mid-cap company was Orion Corp., and the best small-cap firm was Shinsegae Food. Investors and analysts picked Lee Yoon-woo of Samsung Electronics as the top chief executive officer. LG Chem’s Cho Je-seok had the honor of being named the best CFO.

By Limb Jae-un []


Written by recruiterinkorea

April 28, 2010 at 11:47 am

Posted in Uncategorized

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